USD/JPY extends its losses on the second successive session, trading lower around 149.40 during the Asian session on Monday. The uncertainty regarding
USD/JPY continues the losses on the Fed’s uncertainty regarding interest rate trajectory. US Dollar could gainmomentum due to the risk aversion over the Middle East conflict. BoJ is expected to intervene in the FX market to prevent the depreciation of Japanese Yen. the Federal Reserve's future decisions on interest rates is contributing to a complex and fluctuating environment for the US Dollar .
As of Monday, the 10-year US Treasury bond yield stands at 4.65%, up by 1.0%. Bank of Japan is expected to intervene in the spot market to prevent the losses of the Japanese Yen . The central bank has adopted a more dovish stance, undermining the safe-haven appeal of the JPY and providing support to the USD/JPY pair. The BoJ maintains its perspective that inflation is transitory and has communicated no intentions of scaling back its substantial monetary stimulus measures.
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